Armstrong Flooring (NYSE:AFI) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Friday, ValuEngine reports.

Armstrong Flooring stock opened at $5.07 on Friday. The company has a 50-day simple moving average of $3.87 and a 200-day simple moving average of $3.03. The firm has a market capitalization of $109.48 million, a P/E ratio of -1.46 and a beta of 2.91. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.76 and a current ratio of 1.78. Armstrong Flooring has a one year low of $1.12 and a one year high of $6.75.

Armstrong Flooring (NYSE:AFI) last released its quarterly earnings results on Wednesday, July 22nd. The construction company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.08. The business had revenue of $145.60 million during the quarter. Armstrong Flooring had a negative net margin of 12.85% and a negative return on equity of 19.22%.

A number of hedge funds have recently bought and sold shares of the stock. Two Sigma Advisers LP lifted its holdings in Armstrong Flooring by 3.0% in the first quarter. Two Sigma Advisers LP now owns 252,000 shares of the construction company’s stock worth $360,000 after purchasing an additional 7,400 shares during the period. Alliancebernstein L.P. lifted its holdings in Armstrong Flooring by 33.3% in the first quarter. Alliancebernstein L.P. now owns 35,600 shares of the construction company’s stock worth $51,000 after purchasing an additional 8,900 shares during the period. FDx Advisors Inc. acquired a new stake in Armstrong Flooring in the first quarter worth about $583,000. Virtu Financial LLC acquired a new stake in Armstrong Flooring in the second quarter worth about $33,000. Finally, Wells Fargo & Company MN lifted its holdings in Armstrong Flooring by 50.2% in the first quarter. Wells Fargo & Company MN now owns 54,492 shares of the construction company’s stock worth $78,000 after purchasing an additional 18,217 shares during the period. 82.51% of the stock is owned by institutional investors and hedge funds.

Armstrong Flooring Company Profile

Armstrong Flooring, Inc, together with its subsidiaries, designs, manufactures, sources, and sells resilient flooring products for use primarily in the construction and renovation of commercial, residential, and institutional buildings in North America and the Pacific Rim. The company sells its products to independent wholesale flooring distributors, retailers, builders, contractors, installers, property management firms, homeowners, and others.

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